RBI to conduct 7-day Variable Rate Reverse Repo Auction under LAF on April 09, 2018

The Reserve Bank of India will conduct the following Variable Rate Reverse Repo Auction on April 09, 2018, Monday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

Sl. No. Notified Amount
(₹ billion)
Tenor
(day/s)
Window Timing Date of Reversal
1. 400 7 2.30 pm to 3.00 pm April 16, 2018 (Monday)

Successful offers will get accepted at their respective offered rates.

Offers at or above the repo rate will be rejected.

Ajit Prasad
Assistant Adviser

Press Release : 2017-2018/2660

Source: rbi press release

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